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With the departure of Nigeria’s Mohammed Barkindo, the age of the giants who head the secretariat of the Organization of Petroleum Exporting Countries will come to an end. In six months, Kuwaiti Faisal Al-Ghais will replace Barkindo and manage OPEC’s affairs for another six years till the mid of 2028. By that time all those giants who were involved with the Vienna-based ....
I was both sad and happy when I heard yesterday that Haitham Al-Ghais has been appointed the next secretary general of the Organization of Petroleum Exporting Countries. The sadness is due to the departure of the current secretary general, Mohammed Barkindo, who will step down in July after six good years in the post. During that time he was the respected face of OPEC, with ....
Saudi Arabia’s Public Investment Fund was left out of the global top 10 rankings for sovereign wealth funds last year but that is really a good thing. Ever since the fund began to invest abroad, some Saudis worried that it would fail because it was “new in the game.” Their worries were justified, though they did not come true. The PIF, established in 1971, was never a real ....